If you live in a condominium or private apartment, you belong to a rarefied category – only 15.9 per cent of households in Singapore inhabit such domains. Of these, penthouses are especially rare since each building can have only one top floor unit. Even more coveted are the super penthouses that attract international billionaires.
According to List Sotheby’s International Realty (List SIR), super penthouses are defined as 10,000 sq ft or bigger and located in super tall buildings – 305m to 579m – usually only found in major global cities, and set record prices because of the spectacular views that come with them.
In June 2019, six of the 11 super penthouses around the world that were for sale at the time were found in – surprise, surprise! – Singapore, where Wallich Residence is the only property that starts at 180m above sea level and soars to 290m above sea level, crowning Tanjong Pagar Centre.
Shopping for a super penthouse? Here’s what property experts have to say.
Who are the typical penthouse and super penthouse buyers?
Ismail Gafoor, CEO of PropNex Realty, notes: “Generally, super penthouses in Singapore are bought by ultrahigh net worth (UHNW) foreigners. Investors buy penthouses as part of a trophy collection. It is more for social status and recognition.
In the last year alone, PropNex sold four penthouses: two at Boulevard 88 for $28 million (5,683 sq ft) and $29.53 million (6,028 sq ft) and two (3,509 sq ft each) at Wallich Residence that went for $16.5 million and $17.5 million.
Dora Chng, general manager of GuocoLand’s residential division, says buyers of penthouses and super penthouses are not that different. “The decision to purchase boils down to whether they like the property and its location, and what it offers in terms of tangible offerings and intangibles such as exclusivity, privacy and prestige.”
この記事は The PEAK Singapore の March 2020 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は The PEAK Singapore の March 2020 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
A Sophisticated Bachelor Pad
In this two-storey apartment belonging to a finance in professional, designer Jerry Tan of Joey Khu ID created distinct arez ork and play.
Fringe Modalities
Poet, frontwoman, and shamanic healer ArunDitha Emmanuel returns to Singapore with renewed vigour to push the state-enforced boundaries of art.
Taking On Decolonisation
The annual Per°Form Open Academy of Arts and Activations by T:> Works this year tackles the complex subject of decolonisation with a line-up of artists from the global south.
Japan at Half-speed
A walking tour through the Kunisaki Peninsula in Kyushu is an invitation to appreciate thé country’s beauty ata snail's pace.
Truffle Sabotage
In the heart of Chianti, dark tales of the truffle trade, bacchanalian feasts, and sun salutations await at Christina Ong's COMO Castello del Nero in Tuscany.
Is Barolo the Next Burgundy?
With Burgundy prices reaching starry heights, we find out why Barolo is the next frontier for oenophiles.
Hungry for Hansik
Hansik, or Korean food, is becoming more popular worldwide due to the proliferation of Korean pop culture. We explore two of the cuisine's stalwart elements.
Maxed Out
We explore the intricacies of high-performance tyre development inside Continental’s top-tier test facility in Germany and put its new MaxContact MC7 tyres to the test.
India Rising
From a culture whose glorious traditions have greatly influenced luxury jewellery today, young designers like Renu Oberoi are rewriting the narrative.
A Life Less Ordinary
Street culture pioneer-entrepreneur Feroze McLeod defies convention, even in his watch collection.
